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China's Dalian Commodity Exchange (#DCE) announced on Wednesday night that it will impose a trading limit on some iron ore futures contracts, effective from the night-time trading session of April 25. This move is in response to the sharp rises in iron ore futures prices and to prevent speculative trading, market sources believe. The DCE said it will restrict the trading (including that for both long and short positions) to 500 lots/day for iron ore futures contracts for May and September delivery, while those for other months stay unchanged at 2,000 lots/day. The limits target non-futures company members or clients, while trading for hedging purposes or for similar purposes is exempt from the restrictions. 🔗 https://lnkd.in/edeE4Ypn #Mysteel #ironore #trading #commodities #futures #DCE

China's iron ore derivatives market ended the week strongly by Friday, with the most-traded iron ore futures contract on the Dalian Commodity Exchange (DCE) for September delivery closing the daytime session at Yuan 891.5/dmt ($123.4/dmt), or up 2.18% or Yuan 19/dmt from Thursday's settlement price. The price was also Yuan 24.5/dmt higher than the settlement price of last Friday, smoothing out fluctuations witnessed over the past few days. Mysteel provides an analysis of the underlying dynamics behind iron ore futures contract price fluctuations: 🔗 https://lnkd.in/gUhPnzGn A glance of ferrous derivatives suite brought to you by Mysteel - May 20, 2024 - a concise overview to track weekly fluctuations in the iron ore and steel rebar futures markets (Friday to Friday comparison). 👇 Here to discover the link between the physical and derivatives markets using Mysteel's commodity database on 🔗 www.mysteel.net #Mysteel #ironore #rebar #ferrous #derivatives #commodities #futures #settlementprice #closingprice #SGX #DCE #SHFE

🚀 Metals Market on Fire! 🔥 This week witnessed remarkable movements in the metals market, with copper edging closer to its all-time high on the London Metal Exchange. The surge is fueled by robust investor demand and a short squeeze on the Comex exchange. Silver and gold are also riding high, with silver reaching an 11-year pinnacle and gold nearing its April record peak. 📈 Key factors driving this surge include bullish investor sentiment, supply constraints, disruptions in vital production regions like New Caledonia impacting nickel production, and heightened interest from western funds, particularly in copper. As the market grapples with supply challenges and bullish demand forecasts, these developments underscore the dynamic and swiftly changing landscape of the metals market! (Source: https://lnkd.in/dG928CTh) #MetalsMarket #Copper #Gold #Silver #Investing #Commodities #MarketTrends #SupplyAndDemand

Copper prices on the London Metal Exchange (LME) are now around $9,644 a ton. Interest rate cuts in the United States, Europe and elsewhere also offer potential for growth and demand.

Fitch Ratings expects generally supportive price dynamics in 2H24, although declines from recent highs may occur in surplus-led nickel and iron ore due to non-disrupted supply meeting weakening demand. Copper prices are projected to remain strong due to tight supply and increased demand, while gold's safe-haven appeal is bolstered by inflation and geopolitical factors. Learn more https://ow.ly/mM7450TMwNn #FitchRatings #LatinAmerica #Miner #Metals #CreditRisk

With China’s third plenary session undergoing this week, there is an air of cautious optimism anticipating aggressive stimulus measures to rejuvenate the construction and property sectors. Recent lows of iron ore contracts were a wake-up call, but there could be hope on the horizon. With portside inventories expanding, what kind of price risk should iron ore market participants look out for?   Get the analysis in this month’s Trading Signals outlook on SGX iron ore, coking coal and Shanghai rebar futures.   Get your full report here 💡https://bit.ly/3Wf6iiE   #SGXCommodities #commodity #hedging #futures #ironore #cokingcoal #rebar #futures

Always important to take note of the times when the miners outperform gold despite being a significant down day for the metal. The likelihood of a historical breakout in the chart below keeps growing stronger.

#MarketsWithBS | Base metals witness a strong rally on the commodity exchanges, with copper and aluminium futures trading around 2-year highs. Meanwhile, precious metals such Gold and Silver futures hit record highs in recent days. #commoditymarket #copper #aluminium https://mybs.in/2dVCfDQ

Long Term prognosis on Iron Ore prices looks fairly bearish if ones goes by the prediction of Westpac Banking Corp (ASX: WBC) and the Australian Government. Both have the 62% spot iron ore price to fall from here to average of about US$84 per tonne in 2025 and about US$77 per tonne in 2026. #worldofsteel

Copper Prices Are Plunging at Over 2% After Hitting Near 52-Week High. Learn why base metals experienced a surge in expectations of reduced U.S. interest rates >> https://lnkd.in/ePWvPGgA The primary reason behind the downward pressure appears to be a notable retreat in metal prices. Copper experienced a 2.0% decline overnight, settling at US$9,945 per tonne on June 4. #copper #carbonpricing #carbonscapture #carbonoffsets #carboncredits #carbonmarkets #carbonnews #carbonprices #climatechange #cleanenergy #decarbonization #energytransition #esg #greenhydrogen #netzero